Founder of Bridgewater Hedge Fund: The United States will face a debt crisis, and the speed of occurrence will depend on supply and demand issues

Odaily Planet Daily News Bridgewater Hedge Fund founder Ray Dalio said in an interview that the United States will face a debt crisis, and the speed of its occurrence will depend on supply and demand issues, and he is paying close attention to it personally. Ray Dalio is worried that the headwinds facing the economy are not just high debt levels, and believes that economic growth may drop to zero, with a margin of error of 1% or 2%. "I think the economy is going to slow down significantly," Dalio said. It is reported that the U.S. Congress is negotiating on a new fiscal year spending bill before the October 1 deadline. Lawmakers' failure to reach an agreement could mean a government shutdown and increase debt risks. On Friday, the U.S. House of Representatives voted 216 to 212 to pass a bill to fund the State Department and other foreign affairs, as well as a bill to fund the Department of Defense, after House Speaker McCarthy canceled it at the request of Republican hardliners. allocated to Ukraine. It was one of several bills to gain votes in the late-night session, but they would not allow the U.S. government to avoid a partial shutdown starting Sunday. U.S. debt levels exceeded $33 trillion for the first time this month. Data from the Treasury Department show that U.S. debt levels have soared in recent years, especially after federal spending increased by about 50% from fiscal 2019 to 2021. Investors worry that as the U.S. fiscal situation worsens, interest rates could continue to rise, hurting demand for Treasury bonds. (Golden Ten)